Olivina Residences, Alam Impian (Shah Alam)

Review

Diane Foo Eu Lynn
⋅
23 June 2015

Nazi TTDI is one of the leading property developers in Malaysia, famous for its acclaimed development of the 662 acres Taman Tun Dr Ismail township or better known as TTDI. With their history dating back to 1973, the property conglomerate is experienced in developing townships, commercial, residential as well as mixed development projects.

A few notable developments in Klang Valley bear names such as KL Metropolis, Platinum Park and TTDI Gateway. KL Metropolis is a 75.5-acre international trade and exhibition arena located in the centre of Kuala Lumpur while TTDI Gateway is a future 38-acre lifestyle hub encompassing retail, commercial and residences located in Shah Alam.

Under the leadership of Chairman SM Nasarudin SM Nasimuddin, the company commits toward delivering quality lifestyle properties to consumers by positioning itself as a premier developer in Malaysia. Its mission statement also states that the company is focused on maximizing shareholder’s value while achieving excellent customer service at the same time.

Property Details

QuikPro No:
Name: Olivina Residences (Residensi Olivin)
Address: Alam Impian, 40470 Shah Alam, Selangor
Developer: TTDI Alam Impian Sdn Bhd (A subsidiary of Naza TTDI Sdn Bhd)
Expected Completion Date: 2019
Type: Serviced Apartment
Tenure: Freehold
Title: Residential
No. of Blocks: 3
No. of Storey: 15
No. of Units: 285
No. of Carparks: 2
No. of Bedrooms: 3 – 4
No. of Bathrooms: 2 – 4
Land Area: 5.71 acres
Built-up: 850 – 1,380 sq ft
Maintenance Fee: RM0.35 per sq ft
Listing Price: From RM 517,000 onwards
Bumi Discount: 7%

Facilities

BBQ Area
Swimming Pool
Pool Deck
Surau
Children’s Playground
Gymnasium
Jogging Path
Gymnasium
Multi-purpose Hall
24 Hours 3-tier security system
CCTV Monitoring
Security Guards
Kitchen Cabinet
Kitchen Hood & Hob
Oven
2 units of Air conditioners for Master Bedroom & Living Hall
Laundry Area
Therapeutic Garden
Landscaped Garden
2 storey Private Clubhouse
Kindergarten
Convenience Store

Amenities Nearby

UniSel
UiTM Shah Alam
Kompleks Belia & Kebudayaan Selangor
IPK Selangor
Concorde Hotel Shah Alam
Istana Bukit Kayangan
Kelab Shah Alam
Klinik Kesihatan Shah Alam
I-City / Klang
Plaza Masalam
Padang Jawa KTM
Sekolah Kebangsaan Seksyen 7
MAZ International School
SJK(T) Ladang Midlands
SMK Sultan Salahuddin Abdul Aziz Shah
Al-Madinah International University (MEDIU)
Management & Science University (MSU)
Malaysian Institute For Supply Chain Innovation (MISI)
Politeknik Sultan Salahuddin Abdul Aziz Shah (PSA)
Klinik Pergigian Shah Alam Seksyen 7
Klinik Desa Padang Jawa
99 Speed Mart
7-Eleven
Tesco Puncak Alam
Alam Sentral Plaza
Mydin Ken Rimba
Taman Botani Negara Shah Alam
Space U8 Eco Mall
Pusat Hemodialisis Shah Alam
Shah Alam Stadium
Plaza Shah Alam

Olivina Residences, otherwise known as Residensi Olivina to some is a prestigious project undertaken by the acclaimed developer Naza TTDI. It is located in the currently popular township of Alam Impian.

The project delivers a true definition of low-density living by having only a total of 285 units. At such a low number, one can be sure that privacy and exclusivity is promised. The 15 storeys high-rise development is scheduled to be completed in 2019.

Traversing across a vast land area of 5.81 acres, the project sits on a piece of freehold land bearing residential title. One of the advantages of having a residential title translates to cheaper assessment fees and utility charges compared to a commercial one.

The project will be divided into 3 distinct blocks categorised by Olivina Loft and Grande. Olivina Loft is made up of the 15-storey high-rise units housing 143 units while Grande is the low-rise 8- and 9-storey encompassing 142 units.

The built-ups offered for this project ranges from 850 sq ft to 1,380 sq ft. The developer prices the project from RM517,000 onwards and that translates to about RM550 per sq ft. The smaller units will have 3 bedrooms and 2 bathrooms while the bigger ones sees a floor plan with 4 bedrooms and 4 bathrooms.

Olivina Residences units come with fully furnished packages. All completed units will be ready with kitchen cabinet, oven, hood and hob. Additionally, each unit will have 2 units of air-conditioners for its master bedroom and living hall. Buying furniture and renovation can cost a bomb and headache nowadays. The developer shreds of that piece of worry by conveniently incorporating the necessities for future owners.

One selling point of the project is its 2-storey private clubhouse. It is equipped with state-of-the-art facilities such as a gymnasium, swimming pool, cafeteria and many more. For the facilities, the developer is charging RM0.35 per sq ft for its maintenance fee. That sounds like a reasonable price for having a 2-storey private clubhouse.

The project also comes with a 3-tier security system. Each occupant will be given an access card for gate entry, car park access, lobby entrance and lift access. The beauty of this system is that it prevents any unauthorised person from entering the premises. Even if an intruder breaches the car park, he has no way of accessing the lift to any floor as each access card can only access its designated floor.

In addition, there will be 24-hour CCTV monitoring and a security guard patrol to increase security around the condominium. There is currently no show unit for this project as the developer is still in the process of building it.

Located about 25 kilometres west of Kuala Lumpur City Centre, Shah Alam is the capital city of Selangor. The city was named after the late Sultan Alam Shah, the father of the late Sultan Salahuddin Abdul Aziz Shah. The city comprises a vast land area of 41.68km² in 1979 and was subsequently upgraded to 293km² in 1997 through the Gazette Plan 1190. The trademark of the city lies in its initial rubber and oil palm estates which was produced and exported worldwide.

As of 2016, the population of Shah Alam stands strong at around 600,000.

The city is located strategically among neighbouring townships such as Subang Jaya, Petaling Jaya and Klang. To the north and south of Shah Alam lies Kuala Selangor, Gombak and Kuala Langat respectively. In terms of subdivisions, it is divided into 56 distinct sections and stretches to Section U1, U2 and Kampung Melayu Subang along Jalan Lapangan Terbang Subang.

There is no shortage of amenities in Shah Alam ranging from shopping malls, 5 star hotels, recreational parks, education institutions and government offices. Plaza Shah Alam or better known as Plaza Masalam is located right in the heart of the city with a notable tenant list which one of their anchor tenants is the Giant hypermarket. Embedded within Plaza Masalam lies Jabatan Pendaftaran Negara, where you can conveniently renew your IC or register for your marriage.

In terms of education, the city provides a few of the top-notch institutions in the region. UiTM Shah Alam provides a variety of courses ranging from commerce to engineering and health. Other famous tertiary establishments include names such as UniSel, PTPL College, Politeknik Sultan Salahuddin Abdul Aziz Shah, Management and Science University (MSU), Universiti Industri Selangor, CIAST and ADTEC.

Connectivity to Shah Alam is made possible through a variety of major routes in Klang Valley. If you are travelling from Kuala Lumpur and Petaling Jaya, the NKVE serves as a connecting point. Other highways that serve as connecting points to Shah Alam are such as the Shah Alam Expressway (KESAS), Guthrie Corridor Expressway (GCE), North-South Expressway Central Link (ELITE) and the newest highway Kemuning-Shah Alam Highway (LKSA).

If you have traveled to Shah Alam before, you will be amazed at the number of roundabouts it has. Virtually all major intersections are connected to roundabouts and it is one of the few places in Malaysia which has a traffic light in the middle of roundabouts. On 10^th October 2000, the city was granted ‘Bandaraya’ (city) status when its first mayor Dato’ Haji Abu Sujak Haji Mahmud was sworn into office.

Name	Tenure	Approximate Price (per Sq. Ft.)	Maintenance Fee (per Sq. Ft.)	No. of Blocks	Total Units	Sq. Ft.
Olivina Residences	Freehold	RM 550	Rm 0.35	3	285	850 – 1,380 sq ft
Opal Residensi	Leasehold	RM 500	RM 0.31	2	138	1,227 – 2,486 sq ft

Demand for housing in Shah Alam is on the rise and seeing an upscale projection. For comparison purposes, we have taken Opal Residensi by PKNS located in Seksyen 7, Shah Alam. This is one of the more luxurious projects undertaken by the state developer which can be compared to Olivina Residences.

You will notice that Opal Residensi’s maintenance fee is quite high at RM0.31 even though it does not boast a 2-storey private clubhouse. Apart from that, the battle of freehold versus leasehold still leaves room for decision in purchasers nowadays.

In terms of built-up, Opal Residensi will be more suited to big families with built-ups of up to 2,486 sq ft while Olivina will be a comfortable home for a smaller families.